Can I retire at age 56 with 3,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$305,543$302,821$300,166$297,574$295,043$286,402
2 years$151,259$148,442$145,711$143,064$140,497$131,861
3 years$99,837$97,008$94,285$91,663$89,137$80,777
4 years$74,132$71,311$68,615$66,038$63,573$55,554
5 years$58,713$55,909$53,248$50,723$48,327$40,670
6 years$48,436$45,654$43,033$40,564$38,240$30,951
7 years$41,099$38,340$35,760$33,350$31,099$24,179
8 years$35,599$32,864$30,328$27,976$25,800$19,244
9 years$31,323$28,614$26,121$23,830$21,727$15,530
10 years$27,904$25,222$22,773$20,541$18,513$12,665
11 years$25,109$22,454$20,049$17,877$15,921$10,413
12 years$22,781$20,153$17,793$15,681$13,797$8,618
13 years$20,813$18,213$15,897$13,844$12,031$7,169
14 years$19,128$16,555$14,283$12,289$10,547$5,989
15 years$17,668$15,123$12,896$10,960$9,286$5,020
16 years$16,392$13,875$11,692$9,813$8,207$4,220
17 years$15,268$12,779$10,639$8,817$7,277$3,556
18 years$14,269$11,808$9,712$7,946$6,470$3,003
19 years$13,377$10,944$8,891$7,180$5,767$2,539
20 years$12,575$10,169$8,160$6,503$5,151$2,150
21 years$11,850$9,472$7,506$5,902$4,610$1,823
22 years$11,192$8,842$6,917$5,366$4,132$1,547
23 years$10,593$8,270$6,387$4,887$3,709$1,314
24 years$10,044$7,748$5,907$4,457$3,334$1,117
25 years$9,539$7,271$5,471$4,070$3,000$950
26 years$9,074$6,834$5,074$3,722$2,702$808
27 years$8,645$6,431$4,712$3,407$2,436$688
28 years$8,246$6,060$4,380$3,121$2,198$586
29 years$7,876$5,717$4,076$2,862$1,985$499
30 years$7,532$5,399$3,797$2,627$1,794$425
31 years$7,210$5,104$3,540$2,413$1,622$362
32 years$6,909$4,830$3,303$2,217$1,467$309
33 years$6,626$4,574$3,084$2,039$1,328$263
34 years$6,361$4,335$2,881$1,876$1,202$224
35 years$6,112$4,111$2,694$1,727$1,089$191
36 years$5,876$3,902$2,520$1,590$986$163
37 years$5,655$3,706$2,359$1,465$894$139
38 years$5,445$3,522$2,209$1,351$810$119
39 years$5,247$3,349$2,069$1,245$735$101
40 years$5,058$3,187$1,940$1,149$667$86
41 years$4,880$3,033$1,819$1,060$605$74
42 years$4,711$2,889$1,706$978$549$63
43 years$4,550$2,753$1,601$903$498$54
44 years$4,396$2,624$1,503$834$452$46
45 years$4,250$2,502$1,411$770$410$39
46 years$4,111$2,387$1,325$711$373$33
47 years$3,978$2,278$1,245$657$338$28
48 years$3,850$2,174$1,170$607$307$24
49 years$3,729$2,076$1,100$561$279$21
50 years$3,612$1,984$1,034$519$253$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,700,000, adding $2,258 every year, while hoping to spend $32,584 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/33/8 Blend
55$3,700,000$3,700,000$3,700,000$3,700,000
56$4,079,729$3,883,629$3,826,279$4,313,127
57$4,461,192$4,039,258$3,919,790$4,625,676
58$4,880,473$4,201,420$4,015,342$4,962,406
59$5,341,393$4,370,402$4,112,968$5,328,745
60$5,848,166$4,546,502$4,212,703$5,727,537
61$6,405,431$4,730,033$4,314,581$6,161,910
62$7,018,300$4,921,320$4,418,634$6,635,304
63$7,692,407$5,120,705$4,524,899$7,151,502
64$8,433,957$5,328,544$4,633,408$7,714,667
65$9,249,789$5,545,210$4,744,195$8,329,375
66$10,147,435$5,771,094$4,857,294$9,000,662
67$11,135,198$6,006,602$4,972,738$9,734,071
68$12,222,224$6,252,161$5,090,560$10,535,698
69$13,418,590$6,508,216$5,210,793$11,412,252
70$14,735,401$6,775,234$5,333,469$12,371,118
71$16,184,893$7,053,701$5,458,621$13,420,422
72$17,780,546$7,344,127$5,586,280$14,569,108
73$19,537,218$7,647,045$5,716,476$15,827,024
74$21,471,276$7,963,012$5,849,239$17,205,007
75$23,600,757$8,292,611$5,984,601$18,714,989
76$25,945,538$8,636,452$6,122,588$20,370,105
77$28,527,517$8,995,173$6,263,229$22,184,819
78$31,370,828$9,369,440$6,406,551$24,175,053
79$34,502,061$9,759,952$6,552,580$26,358,341
80$37,950,520$10,167,438$6,701,340$28,753,990
81$41,748,493$10,592,662$6,852,854$31,383,259
82$45,931,561$11,036,424$7,007,146$34,269,561
83$50,538,929$11,499,558$7,164,235$37,438,679
84$55,613,804$11,982,941$7,324,141$40,919,008
85$61,203,793$12,487,485$7,486,880$44,741,819
86$67,361,358$13,014,150$7,652,469$48,941,557
87$74,144,310$13,563,938$7,820,920$53,556,157
88$81,616,354$14,137,895$7,992,246$58,627,401
89$89,847,691$14,737,120$8,166,455$64,201,315
90$98,915,678$15,362,761$8,343,553$70,328,592
91$108,905,560$16,016,020$8,523,545$77,065,074
92$119,911,275$16,698,153$8,706,432$84,472,273
93$132,036,340$17,410,478$8,892,213$92,617,949
94$145,394,826$18,154,370$9,080,881$101,576,746
95$160,112,438$18,931,273$9,272,430$111,430,892
96$176,327,696$19,742,696$9,466,846$122,270,974
97$194,193,251$20,590,218$9,664,115$134,196,786
98$213,877,316$21,475,492$9,864,216$147,318,270
99$235,565,261$22,400,250$10,067,127$161,756,546
100$259,461,359$23,366,303$10,272,816$177,645,053